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300. Any special event happen into the business then which report is prepared ? A. Routine B. Special C. External D. Control
B.Special
B.Special
See less299. From day to day operation which report is prepare ? A. Routine B. Special C. Investigative D. External
A.Routine
A.Routine
See less298. From following which is not a principle of good reporting ? A. Simplicity B. Accountability C. Promptness D. Accuracy
B.Accountability
B.Accountability
See less297. When the sales increase from Rs. 40,000 to Rs. 60,000 and profit increases by Rs. 5,000,the P/V ratio is – A. 20% B. 30% C. 25% D. 40%
C.25%
C.25%
See less296. ___________ is a summary of all functional budgets in a capsule form. A. Functional Budget B. Master Budget C. Long Period Budget D. Flexible Budget
B.Master Budget
B.Master Budget
See less295. A budget which is prepared in a manner so as to give the budgeted cost for any level ofactivity is known as – A. Master budget B. Zero base budget C. Functional budget D. Flexible budget
D.Flexible budget
D.Flexible budget
See less294. Which of the following characteristics does NOT pertain to management accounting? A. Provides information and estimates about future activity B. Generates specific-purpose financial statements and reports C. Provides financial and operating data multidisciplinary in scope D. Has externally imposed standards
D.Has externally imposed standards
D.Has externally imposed standards
See less293. A Local Authority is preparing cash Budget for its refuse disposal department. Which ofthe following items would not be included in the cash budget? A. Capital cost of a new collection vehicle B. Depreciation of the machinery C. Operatives wages D. Fuel for the collection Vehicles
B.Depreciation of the machinery
B.Depreciation of the machinery
See less292. Which of the following is not a method of cost absorption? A. Percentage of direct material cost B. Machine hour rate C. Labour hour rate D. Repeated distribution method
D.Repeated distribution method
D.Repeated distribution method
See less291. Overhead refers to – A. Direct or Prime Cost B. All Indirect costs C. Only Factory indirect costs D. Only indirect expenses
B.All Indirect costs
B.All Indirect costs
See less